Metalla Royalty & Streaming (NYSEMKT:MTA) Upgraded at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Metalla Royalty & Streaming (NYSEMKT:MTA) to a strong-buy rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

Metalla Royalty & Streaming Trading Up 0.9 %

NYSEMKT MTA opened at $3.28 on Tuesday. The company has a market capitalization of $300.12 million, a PE ratio of -32.80 and a beta of 1.68. The business’s fifty day moving average is $2.95 and its two-hundred day moving average is $3.01.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MTA. Van ECK Associates Corp raised its stake in shares of Metalla Royalty & Streaming by 20.0% in the first quarter. Van ECK Associates Corp now owns 4,502,603 shares of the company’s stock valued at $14,003,000 after buying an additional 750,503 shares during the period. Merk Investments LLC raised its holdings in shares of Metalla Royalty & Streaming by 125.0% during the 2nd quarter. Merk Investments LLC now owns 450,000 shares of the company’s stock valued at $1,251,000 after buying an additional 250,000 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Metalla Royalty & Streaming in the second quarter worth $234,000. Rathbones Group PLC purchased a new position in Metalla Royalty & Streaming in the 2nd quarter worth approximately $92,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Metalla Royalty & Streaming in the first quarter worth about $52,000. 17.82% of the stock is owned by institutional investors.

About Metalla Royalty & Streaming

Metalla Royalty & Streaming Ltd., a precious metals royalty and streaming company, engages in the acquisition and management of gold, silver, copper royalties, streams, and related production-based interests in Canada. It operates in Australia, Argentina, Mexico, Canada, Tanzania, Ecuador, Peru, Chile, Brazil, Venezuela, and the United States.